GEC NEWS WIRE4G LTE network revenue surges; revenue from Teleco software systems & services posted strong growth
ZTE Corporation’s first-half net profit rose 43.2%. The company gives credit to its increased sales of 4G LTE network equipment to carriers for the significant growth.
Net profit attributable to shareholders of the listed company jumped to RMB 1.62 billion (US$252 million). Basic earnings per share climbed to RMB 0.47, while revenue increased 21.8% to RMB 45.9 billion. ZTE’s industry-leading 4G network solutions including Cloud Radio and Magic Radio helped the company win increased customer orders in the 4G LTE equipment market internationally. ZTE’s innovations in FDD-LTE and TD-LTE technologies are enabling the company to strengthen partnerships with leading carriers around the world, including Telefonica, MTN Group and Bharti Airtel. ZTE is growing its Telecommunications Services business in markets including Germany, Belgium, Luxembourg, Spain and Colombia.
ZTE posted revenue of RMB 9.96 billion in the Mobile Devices division in the first half The company posted strong growth in key markets including Asia Pacific, Latin America, Europe, Middle East and Africa, and ZTE consolidated its position as the most successful Chinese company in the U.S. smartphone market. In Enterprise Business, ZTE will actively support the adoption of “Industry 4.0” or “Industrial Internet” by enterprises and industry verticals, delivering increased operational efficiency and productivity to customers.
